TALKING
‘‘ business automation to create intelligent workflows , which optimise resources , reduce errors and free valuable time for strategic tasks . accelerate the automation of some roles in their companies , per the aforementioned World Economic Forum report .
In essence , data is too valuable to be a dusty asset in siloed databases – it should be the lifeblood of every organisation .
This will enable CIOs to better balance the big challenge of running a business efficiently while simultaneously driving change and innovation in a world mesmerised by AI .
A local government , for example , can use AI sensors to provide consumer-facing data on beach-goer numbers , parking availability and surf conditions , all within a simple app to improve and enhance citizen experience .
A data-driven manufacturer , meanwhile , can use realtime sensor data and AI-powered predictive analytics to optimise production lines , minimise waste and maximise efficiency – this degree of connectivity is the only way forward for APAC businesses .
Although most companies are only comfortable leveraging AI for modest yet impactful improvements in efficiency and experience , it ’ s anticipated that within the next five years , human software decisions will become increasingly automated .
While more than 80 % of business executives are accelerating plans to digitise work processes , another 50 % of employers are expecting to
As these systems evolve and gain sophistication , we can expect to see AI encourage a higher level of abstraction in our professional roles – human judgment will remain crucial but be reserved for more intricate decision-making processes .
It ’ s a challenging time of change for CIOs .
Simultaneously , world events are influencing markets and industries on a global scale . These factors are having a real impact on supply chain conditions and the acquisition of raw materials and goods – businesses motivated to weather the storm are counting on the promises of AI to make more informed decisions and adapt quickly to evolving conditions .
This is why putting in the data leg work will pay off in the long run .
With Asia Pacific expected to account for 60 % of global GDP growth in 2024 – higher than the pre-pandemic average – the year ahead presents both formidable challenges and unparalleled opportunities for the region ’ s CIOs .
Don ’ t just sit on the fence continuing to balance legacy and future state – in this time of change , there ’ s an imperative to innovate , integrate and automate in order to grow . p
38 INTELLIGENTCIO APAC www . intelligentcio . com